Fidelity National Financial, Inc. (NYSE:FNF) Shares Sold by Life Planning Partners Inc

Life Planning Partners Inc cut its stake in Fidelity National Financial, Inc. (NYSE:FNF - Free Report) by 98.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,335 shares of the financial services provider's stock after selling 183,892 shares during the quarter. Life Planning Partners Inc's holdings in Fidelity National Financial were worth $217,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in FNF. Pallas Capital Advisors LLC grew its holdings in shares of Fidelity National Financial by 109.7% during the first quarter. Pallas Capital Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $797,000 after buying an additional 6,405 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Fidelity National Financial by 19.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,345 shares of the financial services provider's stock valued at $75,000 after purchasing an additional 223 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Fidelity National Financial by 5.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 18,736 shares of the financial services provider's stock valued at $1,052,000 after buying an additional 970 shares during the period. Nicolet Advisory Services LLC grew its position in Fidelity National Financial by 20.1% during the fourth quarter. Nicolet Advisory Services LLC now owns 4,290 shares of the financial services provider's stock valued at $233,000 after buying an additional 717 shares during the period. Finally, Farther Finance Advisors LLC increased its stake in shares of Fidelity National Financial by 81.3% in the 1st quarter. Farther Finance Advisors LLC now owns 5,833 shares of the financial services provider's stock valued at $385,000 after purchasing an additional 2,615 shares in the last quarter. 81.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stephens increased their price target on Fidelity National Financial from $68.00 to $75.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. Barclays lifted their price target on shares of Fidelity National Financial from $61.00 to $67.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Wall Street Zen cut shares of Fidelity National Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, March 4th. Finally, Keefe, Bruyette & Woods upgraded Fidelity National Financial from a "market perform" rating to an "outperform" rating and set a $69.00 price objective on the stock in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $71.60.

Fidelity National Financial Price Performance

Shares of FNF stock traded up $0.14 during mid-day trading on Wednesday, reaching $54.07. The stock had a trading volume of 2,173,467 shares, compared to its average volume of 1,385,521. Fidelity National Financial, Inc. has a 12-month low of $47.78 and a 12-month high of $66.72. The company has a market cap of $14.85 billion, a P/E ratio of 13.38 and a beta of 1.03. The business has a 50-day simple moving average of $58.45 and a 200 day simple moving average of $59.32. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.50.

Fidelity National Financial (NYSE:FNF - Get Free Report) last posted its earnings results on Wednesday, May 7th. The financial services provider reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.13 by ($0.35). Fidelity National Financial had a net margin of 8.43% and a return on equity of 14.88%. The business had revenue of $2.73 billion for the quarter, compared to analysts' expectations of $3.32 billion. During the same quarter last year, the business posted $0.91 earnings per share. The business's revenue was down 17.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Fidelity National Financial, Inc. will post 6.28 earnings per share for the current year.

Fidelity National Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 13th. Investors of record on Monday, June 16th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend was Monday, June 16th. Fidelity National Financial's dividend payout ratio is presently 49.50%.

Fidelity National Financial Profile

Fidelity National Financial, Inc, together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title insurance, escrow, and other title related services, including trust activities, trustee sales guarantees, recordings and reconveyances, and home warranty products.